Baltic Index Inches Up on Firmer Panamax Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Thursday as panamax rates increased.
Svitzer Orders Escort Tug from Sanmar
Svitzer has signed a contract with Sanmar to purchase a newbuild 80 tbp ASD escort tug for Southampton, U.K., strengthening…
Fleet's Support Capability Gets Sirius Boost
The Royal Australian Navy’s replenishment capability is operating at capacity once again with HMAS Sirius back in the brine…
USS Carter Hall enters Black Sea
The amphibious Harpers Ferry-class dock landing ship USS Carter Hall has entered the Black Sea, the Naples-headquartered…
CNOOC Reports Worst Result Since At Least 2011
China's offshore oil and gas producer CNOOC Ltd reported its worst annual result since at least 2011, with revenue from its…
Total Seeking to Buy Stake in Iranian LNG Project
French oil giant Total held talks with Iranian officials about several projects in the country in 2016, notably a 10 million…
Shell Signs 3-year Contract to Lease Oil Tanks in Panama
Oil company Royal Dutch Shell has signed a three-year contract to lease storage tanks at a large terminal in Panama that had been used by U.S. refining company Tesoro Corp…
IMO Helps African Leaders Seek Collaboration in Malaysia
Twenty-one African International Maritime Organization (IMO) Member States are taking part in the three day Malaysia Maritime…
OP/Ed: Obama’s Arctic Decision Undercut His Own Legacy
On December 20, 2016, in an 11th hour unilateral action designed to cement his environmental legacy, President Obama withdrew 3.
Somali Pirates Release Hijacked Ship, Crew without Ransom
Somali pirates released a hijacked oil tanker and its eight Sri Lankan crew on Thursday, a Somali security official and the pirates said
Skilled Workers Needed to Build Trump's Navy Vision
U.S. President Donald Trump says he wants to build dozens of new warships in one of the biggest peace-time expansions of the U.S. Navy.
Ezra Holdings Files for Bankruptcy in US
Oilfield services firm Ezra Holdings of Singapore filed for U.S. Chapter 11 bankruptcy at the weekend, blaming a prolonged slump in the energy